The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $29.93 to $30.00, inclusive. The reporting person undertakes to provide to Wells Fargo & Company, any security holder of Wells Fargo & Company, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each seperate price within the ranges set forth in footnote (1) to this Form 4.

Reflects share equivalent of units in Wells Fargo ESOP Fund of 401(k) Plan as of December 31, 2011, as if investable cash equivalents held by Plan were fully invested in Wells Fargo & Company common stock.